His $5 Million Stake Helped Launch a $40 Billion Gold Behemoth: Is the "Elon Musk of Canadian Mining" Now Poised to Do It Again?
I'm Lee Bellinger, editor of Off-Grid Confidential Newsletter.
My monthly, investment-oriented publication delivers ideas to protect and grow your wealth in any market environment.
I spent the early part of my career working in The Swamp of Washington, D.C., helping congressman Dan Coats get legislation passed to help hard-working Americans. I also was on a committee that helped President Reagan promote his vision for missile defense. Eventually, I got fed up with the ways of Washington and put my experience into helping investors like you navigate global and national trends and make money in the process.
I have to say, I've rarely come across an opportunity more attuned with the times and more capable of making investors money than the one I'm about to share with you.
A big part of my enthusiasm for this company is the backing its has received from legendary Canadian mining executive Frank Giustra.
Frank Giustra is widely regarded as one of the most successful mining entrepreneurs in all of North America. He made his initial fortune in the 1980s and 1990s leading the resources-financing group Yorkton Securities and acting as a stockbroker.
In 1996, Giustra left resource investment banking and in 1997 founded Lionsgate Entertainment, which is now one of the world's largest independent film companies.
Mr. Giustra's biggest mining success story began in 2001 when he led a group of investors to take control of junior mining company Wheaton River Minerals.
A simple $5 million investment into that company — strategically timed to take advantage of what Guistra believed to be the beginning of a strong bull run for gold — grew by 40x inside of five years.
And by 2012, Wheaton River had merged with Goldcorp and Goldcorp had reached a whopping $40 billion market cap.
There's even more to Giustra's story than that, but as you can see from his resume, he knows when to be active in the market and when not to.
That's why it's so critical that he has backed this junior gold developer and soon-to-be-producer at this time.
You see…today's early-stage bull market for gold now appears very similar to the environment Frank Giustra pounced on back in 2001 with Wheaton River Minerals.
In 2023, Giustra saw the gold market at an inflection point and decided to look around for a distressed mine that he could re-start with a combination of capital and expertise. He found it in the Madsen Mine, an historic mine in a renowned high-grade gold district that was on the auction block after a botched restart.
After finding a top-notch team, Giustra backed West Red Lake Gold to buy Madsen for pennies on the dollar invested.
And that's only one of my six Reasons why I believe that West Red Lake Gold Mines (OTCQB: WRLGF/TSXV: WRLG) is on the "golden runway" to profits for its shareholders.
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